Answer to Question #152436 in General Chemistry for Daniel yolo

Question

Explain why Inequalities in world trade are an important issue for governments.

Global Perspectives

Answer 1

More than half the world's trade takes place between just eight countries known as the G8. Developing countries have little purchasing power, making it difficult for them to pay off their debts or escape from poverty. Developing countries have more unequal societies with shorter life expectancy, higher mortality rates, lower trust and social capital and unsustainable economies.

Issues in the developing countries can cause next global problems: terrorism, migration, environmental pollution, spread of diseases, war.